14 Nov Meritor Posts Mixed 4Q Results Amid Market Strength Tier 1 supplier Meritor Inc. posted lower net income and higher revenue in its fourth-quarter and fiscal-year periods as its markets improved, but separate financial issues cut earnings. Read more...
14 Nov Manitoulin Buys First US Company Manitoulin Group of Cos., a Toronto-based transportation and logistics company, recently announced a pair of acquisitions, one marking its first foray into the U.S. market, as it continues to expand in North America. Read more...
14 Nov Old Dominion Executive Sam Faucette Awarded Top Safety Honor by ATA Council American Trucking Associations’ Safety Management Council on Nov. 13 announced Sam Faucette of Old Dominion Freight Line as the winner of the 2018 National Safety Director Award. Faucette was honored at ATA’s Safety, Security and Human Resources National Conference and Exhibition in Long Beach, Calif. Read more...
14 Nov WIT Conference Experts Debate Solutions to Turnover, Driver Shortage FRISCO, Texas — Reliable pay and a variety of hauling options can help retain drivers and attract new ones amid a thinning workforce, according to two industry experts. Read more...
14 Nov Savannah Port Sets All-Time Container Record in October The Port of Savannah continues to break records with more container cargo moved in October than ever before. Savannah handled 413,800 TEUs in October, the 24th consecutive month of year-over-year growth. Read more...
14 Nov Nashville Chosen for Amazon Operations Hub Amazon will build a $230 million operations hub in Nashville, Tenn., that will house 5,000 employees over the next 10 years. Read more...
14 Nov Phoenix Logistics Opens Illinois Facility Phoenix Logistics, an affiliate of national private commercial real estate firm Phoenix Investors, has opened a new facility in Herrin, Ill., according to a press release. To complete the move, the company has partnered with plastic containers manufacturer Pretium Packaging. Read more...
14 Nov Mckinney Trailer Rentals Adds Branch in San Antonio Mckinney Trailer Rentals has opened a branch location in San Antonio. Read more...
14 Nov Inflation Remained Muted in October Despite Solid Economy U.S. inflation showed little sign of breaking out in October despite strength in the economy and wages, likely keeping the Federal Reserve on its path of gradual interest-rate increases. Read more...
14 Nov Newest Startup in On-Demand Warehousing Is a Trucking Company The newest entrant in the nascent market for on-demand warehousing is the owner of a Chicago-based trucking company who said he wants to use technology to help reduce the time that drivers spend waiting for freight to be loaded and unloaded. Vlad Gasnikov, CEO of Business Lines of America Corp., is currently beta testing an online platform called OLIMP. Read more...